RealReal (NASDAQ:REAL) Issues Earnings Results, Misses Estimates By $0.52 EPS

RealReal (NASDAQ:REAL) released its quarterly earnings data on Thursday. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52), Zacks reports. The company had revenue of $164.00 million during the quarter, compared to analysts’ expectations of $162.69 million.

RealReal Stock Down 1.4 %

Shares of RealReal stock opened at $7.85 on Friday. The stock has a market capitalization of $860.52 million, a P/E ratio of -8.91 and a beta of 2.83. The stock has a 50 day moving average price of $9.12 and a two-hundred day moving average price of $5.54. RealReal has a 12-month low of $1.52 and a 12-month high of $11.38.

Insiders Place Their Bets

In other news, CAO Steve Ming Lo sold 96,666 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $6.10, for a total value of $589,662.60. Following the sale, the chief accounting officer now owns 391,525 shares in the company, valued at approximately $2,388,302.50. The trade was a 19.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John E. Koryl sold 396,478 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $9.61, for a total transaction of $3,810,153.58. The disclosure for this sale can be found here. Company insiders own 9.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on REAL shares. Northland Securities increased their price objective on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Finally, UBS Group increased their price objective on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, RealReal currently has a consensus rating of “Moderate Buy” and an average price target of $7.38.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.